Aetna and Stellaris Health Network Sign Multi-Year Contract
November 16 2011 - 10:30AM
Business Wire
Stellaris Health Network and Aetna (NYSE: AET) today announced a
new multi-year agreement that will keep all four of the Stellaris
Health Network’s Westchester County hospitals in Aetna’s network.
Aetna’s commercial and Medicare health plan members will be able to
continue receiving covered inpatient and outpatient health care
services, at preferred, in-network rates.
The new agreement involves the Lawrence Hospital Center,
Northern Westchester Hospital, Phelps Memorial Hospital Center and
White Plains Hospital Center. The agreement also keeps the employed
and voluntary physicians and health care providers at the Stellaris
hospitals as participating network providers.
Under the new agreement, Aetna will provide performance-based
incentives to the Stellaris Network for both quality of care and
efficiency, such as reductions in readmissions for the same injury
or illness. Models for rewarding demonstrated quality and outcomes
will serve as a framework for Aetna’s partnerships with other
community hospitals and systems.
“Retaining the Stellaris Hospitals and reaching a new contract
that rewards the hospital for quality of care is a win not only for
Aetna and Stellaris, but also for our customers and members in
Westchester County,” said David Kobus, senior vice president, Aetna
New York Network. “We look forward to working in cooperation with
Stellaris to help achieve positive health outcomes for our members
who are Stellaris patients.”
“We are very pleased to have reached this new agreement which
will provide Aetna’s members with continued access to Westchester’s
preeminent network of community hospitals and physicians. We are
especially proud to be leading the market in partnering on
innovative performance-based and risk-sharing arrangements. We look
forward to our ongoing relationship with Aetna,” said Arthur A.
Nizza, President and CEO of Stellaris.
About Stellaris Health Network
Based in Armonk, NY and founded in 1996, HealthStar Network,
Inc. (dba Stellaris Health Network) is the corporate parent of
Lawrence Hospital Center (Bronxville, NY), Northern Westchester
Hospital (Mount Kisco, NY) Phelps Memorial Hospital Center (Sleepy
Hollow, NY), and White Plains Hospital Center (White Plains, NY).
In addition to the network of hospitals and employed physicians,
Stellaris provides ambulance and municipal paramedic services to
Westchester County, New York through Westchester Emergency Medical
Services. With nearly $900 million dollars in combined revenue and
1,100 in-patient beds, Stellaris Hospitals account for over a third
of the acute care bed capacity in Westchester County. It is one of
the largest area employers, with over 6,000 employees and
approximately 2,200 voluntary physicians on staff. The Stellaris
Hospitals provide multidisciplinary acute care services as well as
a range of community based services such as hospice, home health,
behavioral health and physical rehabilitation. As Stellaris pursues
new programs and joint ventures, it will continue to evolve as the
regions’ leading healthcare system, dedicated to preserving high
quality, community-based care for residents of Westchester, Putnam,
Rockland, Dutchess, Northern Bronx, and Fairfield Counties.
About Aetna
Aetna is one of the nation's leading diversified health care
benefits companies, serving approximately 36.3 million people with
information and resources to help them make better informed
decisions about their health care. Aetna offers a broad range of
traditional, voluntary and consumer-directed health insurance
products and related services, including medical, pharmacy, dental,
behavioral health, group life and disability plans, and medical
management capabilities and health care management services for
Medicaid plans. Our customers include employer groups, individuals,
college students, part-time and hourly workers, health plans,
governmental units, government-sponsored plans, labor groups and
expatriates. For more information, see www.aetna.com.
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